JAY R. RITTER
"Why Don't Issuers Get Upset About Leaving Money on the Table in IPOs?," Tim Loughran and Jay R. Ritter, Review of Financial Studies, Vol. 15, No. 2 (2002), pp. 413-443.
"Behavioral Finance," Jay R. Ritter, Pacific-Basin Finance Journal, Vol. 11, No. 4 (September 2003) pp. 429-437. (Click on Pacific-Basin Finance Journal for published version; if you are not authorized to download from North-Holland's website, please click on "Behavioral Finance".)
between European and American IPO Markets,"
Management, Vol. 9, No. 4 (December 2003), pp. 421-434.
2014 Update Table 1
2014 Update of (graph) Average First Day Returns
"Why Has IPO Underpricing Changed Over Time?," with Tim Loughran. Financial Management, Vol. 33, No. 3 (Autumn 2004), pp 5-37. Founding dates for 9,902 (updated April 14, 2014) firms going public in the U.S. during 1975-2014, as described in Appendix A, can be downloaded here. A list of IPOs from 1980-April 2012 with multiple share classes outstanding as described in Appendix B can be downloaded through here. The underwriter reputation rankings used in this paper (see Appendix C in the paper for description) can be downloaded here. A list of internet IPOs (updated through April 2012) as described in Appendix D is available here. Copyright © 2004 Financial Management Association International, an affiliate of the Finman Corporation. Composed and printed by Dartmouth Printing Company, Hanover, NH. Printed in the U.S.A.
"Short Interest, Institutional Ownership, and Stock Returns," with Paul Asquith and Parag A. Pathak, Journal of Financial Economics, Vol. 78, No. 2 (November 2005), pp. 243-276.
"Do Today's Trades Affect Tomorrow's IPO Allocation?" with M. Nimalendran and Donghang Zhang, Journal of Financial Economics, Vol. 84, No. 1 (April 2007), pp. 87-109.
"Testing Theories of Capital Structure and Estimating the Speed of Adjustment," with Rongbing Huang, Journal of Financial and Quantitative Analysis, Vol. 44, No. 2 (April 2009) pp. 237-271. Cambridge University Press. "Copyright, University of Washington Foster School of Business".
Winner of the William F. Sharpe Prize for the best article in the Journal of Financial and Quantitative Analysis, 2009.
corrected data items).
Randall Smith's 2010 book on Frank Quattrone The Prince of Silicon Valley.
The published version is available on the North-Holland JFE website by clicking on Journal of Financial Economics.
Appendix B describing Nasdaq Volume Adjustment Algorithm
Underwriter Oligopolies and IPO Underpricing," with Xiaoding Liu,
Journal of Financial Economics,
Vol. 102, No. 3, (December 2011), pp. 579-601.
Excel file with information for analyst coverage by lead underwriters and spinning dummies for IPOs from 1993-2009 (including updates and
corrected data items).
"Equilibrium in the Initial Public Offerings Market," Annual Review of Financial Economics, Vol. 3 (2011), pp. 347-374.
Books, Book Chapters, and Essays
"The Future of the New Issues Market,"
"Investment Banking and Securities Issuance,"